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Access to finance

EU Access to Finance Days

The 'EU Access to Finance Days' aim to promote the new EU financial instruments dedicated to supporting SMEs from 2014 to 2020.


During the EU Access to Finance Days, the Commission will introduce the new Competitiveness of Enterprises and SMEs (COSME) programme and invite financial institutions to become its intermediaries. COSME will largely continue the successful activities of the current CIP programme, but aims to respond even better to SMEs' needs, targeting the more vulnerable categories of small businesses that are currently underserved by the market.

The COSME programme which will run between 2014 and 2020, is the first ever programme of the European Commission exclusively dedicated to supporting SMEs. From 2014 to 2020, COSME will help to bridge the market gap in the provision of SME financing and to provide €3.5 billion of additional funding for SMEs each year.

The new programme is first and foremost an instrument that will improve access to finance for SMEs, support their internationalisation and improve their access to markets. 60% of COSME's estimated budget of €2.3 bn will be dedicated to financial instruments, providing guarantees and venture capital and encouraging the flow of credit and investment into the SME sector.

COSME support will be delivered to SMEs via reputable financial intermediaries in participating countries - such as banks, leasing companies, mutual guarantee societies or venture capital funds - in order to ensure that access is as close and as easy as possible.

It will provide a guarantee facility for SME loans up to €150 000, with a focus on SMEs that would otherwise have difficulty accessing finance, and an equity facility, which will stimulate the supply of venture capital, with a particular focus on the expansion and growth phase of SMEs. An effective partnership between EU institutions and market operators committed to providing enhanced access to finance for SMEs is a pre-condition for a successful roll-out of COSME.

In order to cater for the diversity of the SME financing market in Europe, COSME will only provide a framework, allowing financial intermediaries to create individual products that best suit the needs of SMEs in their particular market.

COSME will work in conjunction with Horizon 2020, the programme for research and innovation.


Events are being organised in all Member States.


Invitations to the events will be sent to organisations representing SMEs, financial institutions and potential intermediaries of EU programmes, policy makers representing national and/or regional authorities, chambers of commerce, business associations, entrepreneurs.


Events will promote the use of the current and future EU financial instruments, disseminate best practice and improve the dialogue between the EU institutions and both SME and financing stakeholders.


For further information please contact:

Upcoming events:

  • Vienna, 15 September 2014
  • Bratislava, 16 September 2014
  • Brussels, 23 September 2014
  • Valetta, 24 October 2014

Past events:

  • Rome, Italy, 18 October 2013
  • Vilnius, Lithuania, 5 November 2013
  • Ljubljana, Slovenia, 12 November 2013
  • Lisbon, Portugal, 26 November 2013
  • Dublin, Ireland, 5 February 2014
  • Budapest, Hungary, 27 February
  • Prague, Czech Republic, 6 March 2014
  • Tallinn, Estonia, 20 March 2014
  • Athens, Greece, 27 March 2014
  • Sofia, Bulgaria, 2 April 2014
  • Bucharest, Romania, 15 May 2014
  • Paris, France, 23 May 2014
  • Berlin, Germany, 18 June 2014
  • Warsaw, Poland, 23 June 2014
  • Zagreb, Croatia, 1 July 2014

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